Tyson Foods Inc.’s stock is on track for a 20% decline on the week, which would be its worst performance since November of 2008, at the height of the...
Tyson Foods Inc.’s stock TSN is on track for a 20% decline on the week, which would be its worst performance since November of 2008, at the height of the financial crisis, according to Dow Jones Market Data. The stock has fallen after meat producer swung to a surprise second-quarter loss and lowered its sales guidance, hurt by charges stemming from plant closures and job cuts, as well as weak demand for meat.
The stock has fallen after meat producer swung to a surprise second-quarter loss and lowered its sales guidance, hurt by charges stemming from plant closures and job cuts, as well as weak demand for meat. On the company’s call with analysts, Chief Executive Donnie King said the market remains challenging and the company is pushing ahead with actions to improve performance and expand capacity in the right areas.
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